Accel Entertainment
ACEL
82 hedge funds and large institutions have $295M invested in Accel Entertainment in 2020 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 12 closing their positions.
233% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 12
49% more funds holding
Funds holding: 55 → 82 (+27)
44% more capital invested
Capital invested by funds: $206M → $295M (+$89.6M)
4.22% more ownership
Funds ownership: 34.99% → 39.21% (+4.2%)
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$26M |
| 2 |
BlackRock
New York
|
+$25.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.57M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$5.29M |
| 5 |
State Street
Boston,
Massachusetts
|
+$5.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Simcoe Capital Management
New York
|
-$15.9M |
| 2 |
AR
Advisory Research
Chicago,
Illinois
|
-$10.1M |
| 3 |
Millennium Management
New York
|
-$6.43M |
| 4 |
ECM
Element Capital Management
New York
|
-$5.13M |
| 5 |
CPM
Crescent Park Management
East Palo Alto,
California
|
-$4.02M |
ACEL Hedge Fund Activity: Q2 2020 in Review
82 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Accel Entertainment (ACEL) for Q2 2020, worth a combined $295M — up 44% from $206M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new ACEL positions and 12 closed out — a net gain of 28 holders — while 12 added to existing stakes and 16 trimmed.
The largest buyer was Light Street Capital Management, opening a new position worth an estimated $26M. The largest seller was Simcoe Capital Management, exiting entirely with an estimated $15.9M sold.
- 82 institutional investors held Accel Entertainment (ACEL) as of Q2 2020, up from 55 in Q1 2020.
- Funds reported $295M of Accel Entertainment stock for Q2 2020, up 44% quarter-over-quarter.
- 40 funds opened new Accel Entertainment positions in Q2 2020 and 12 closed out, a net change of +28 holders.
- The largest Accel Entertainment buyer in Q2 2020 was Light Street Capital Management, an estimated $26M added.
- The largest Accel Entertainment seller in Q2 2020 was Simcoe Capital Management, an estimated $15.9M sold.
Based on aggregated 13F filings for Q2 2020.